The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09
KEY INFORMATION Oct-07
Oct-09
For Sale
269,900
Under Contract
249,600
Sold
240,000
Percent Change
173,900
-96,000
-35.6
129,000
-120,600
-48.3
129,900
-110,100
-45.9
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Median Price Change
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
11/08/09
The Melcher Agency
Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09
Time Period
FOR SALE Median $ # Properties
UNDER CONTRACT Median $ # Properties
SOLD Median $ # Properties
EXPIRED Median $ # Properties
NEW LISTINGS Median $ # Properties
Oct-09
173,900
49,427
129,000
7,434
129,900
8,009
199,000
4,143
149,900
12,654
Sep-09
172,000
48,521
129,788
7,752
130,000
7,713
200,000
3,996
145,000
12,211
Aug-09
174,800
48,476
129,000
8,106
128,000
7,789
199,900
4,060
140,000
12,191
Jul-09
175,000
49,533
127,000
8,309
126,900
8,877
209,000
4,939
139,925
12,478
Jun-09
179,000
52,009
129,900
9,814
126,000
9,107
215,000
5,140
139,997
12,315
May-09
180,000
54,874
127,900
9,413
120,000
9,057
219,900
5,767
145,000
10,712
Apr-09
177,990
60,761
120,875
10,522
115,900
8,358
199,900
6,077
149,000
10,865
Mar-09
173,900
66,105
120,000
9,236
120,000
7,427
180,936
6,973
139,900
13,972
Feb-09
174,900
65,929
122,900
6,985
125,000
5,317
179,000
6,811
149,900
12,381
Jan-09
179,000
68,074
129,900
5,719
130,000
4,598
199,900
8,807
160,000
13,441
Dec-08
179,900
67,280
137,500
4,884
144,000
5,405
199,900
7,763
138,900
11,668
Nov-08
189,500
67,033
147,500
4,336
151,900
4,265
210,000
7,085
155,900
12,140
Oct-08
195,203
67,477
152,500
4,943
165,000
5,262
219,000
7,641
161,620
14,336
Sep-08
200,000
66,308
167,000
5,271
172,500
5,979
225,000
7,896
169,900
13,929
Aug-08
212,900
65,548
175,000
5,483
186,000
5,494
232,000
7,686
175,000
13,261
Jul-08
220,000
67,982
189,000
6,897
192,700
5,798
238,975
8,798
181,000
13,196
Jun-08
229,900
70,057
199,900
6,106
204,900
5,573
249,800
9,165
192,000
13,250
May-08
239,000
71,198
210,000
5,690
210,000
5,446
252,000
8,701
205,000
12,746
Apr-08
244,900
72,548
219,900
5,473
217,000
4,663
249,900
8,623
219,900
13,457
Mar-08
249,900
71,912
224,651
4,572
218,000
4,130
260,000
8,249
224,900
13,173
Feb-08
250,000
70,480
226,354
3,871
220,000
3,288
260,000
7,870
232,000
12,700
Jan-08
255,202
70,173
229,900
3,441
227,350
2,780
260,000
8,952
239,999
15,540
Dec-07
260,000
67,844
239,900
2,779
235,000
3,254
269,900
10,432
239,000
8,706
Nov-07
265,000
70,968
249,900
3,103
241,943
3,193
274,900
8,727
245,000
11,284
Oct-07
269,900
73,030
249,600
3,366
240,000
3,312
279,900
9,980
250,000
13,834
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
11/08/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09
KEY INFORMATION Oct-07
Oct-09
# Units Change
For Sale
73,030
49,427
-23,603
-32.3
Under Contract
3,366
7,434
4,068
120.9
Sold
3,312
8,009
4,697
141.8
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Percent Change
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
11/08/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09
Time Period
FOR SALE # Properties Average DOM
UNDER CONTRACT # Properties Average DOM
SOLD # Properties Average DOM
EXPIRED # Properties Average DOM
NEW LISTINGS # Properties
Oct-09
49,427
128
7,434
75
8,009
89
4,143
179
12,654
Sep-09
48,521
153
7,752
80
7,713
93
3,996
189
12,211
Aug-09
48,476
171
8,106
84
7,789
99
4,060
188
12,191
Jul-09
49,533
188
8,309
93
8,877
110
4,939
204
12,478
Jun-09
52,009
201
9,814
110
9,107
116
5,140
202
12,315
May-09
54,874
213
9,413
121
9,057
120
5,767
199
10,712
Apr-09
60,761
215
10,522
123
8,358
122
6,077
191
10,865
Mar-09
66,105
216
9,236
124
7,427
127
6,973
184
13,972
Feb-09
65,929
224
6,985
126
5,317
122
6,811
179
12,381
Jan-09
68,074
230
5,719
123
4,598
114
8,807
201
13,441
Dec-08
67,280
233
4,884
113
5,405
108
7,763
186
11,668
Nov-08
67,033
235
4,336
107
4,265
111
7,085
181
12,140
Oct-08
67,477
234
4,943
108
5,262
115
7,641
178
14,336
Sep-08
66,308
236
5,271
115
5,979
101
7,896
180
13,929
Aug-08
65,548
236
5,483
106
5,494
114
7,686
185
13,261
Jul-08
67,982
232
6,897
119
5,798
124
8,798
176
13,196
Jun-08
70,057
231
6,106
124
5,573
132
9,165
179
13,250
May-08
71,198
231
5,690
128
5,446
127
8,701
175
12,746
Apr-08
72,548
230
5,473
130
4,663
135
8,623
173
13,457
Mar-08
71,912
232
4,572
133
4,130
131
8,249
175
13,173
Feb-08
70,480
234
3,871
134
3,288
138
7,870
169
12,700
Jan-08
70,173
233
3,441
136
2,780
138
8,952
166
15,540
Dec-07
67,844
233
2,779
138
3,254
129
10,432
169
8,706
Nov-07
70,968
227
3,103
124
3,193
119
8,727
158
11,284
Oct-07
73,030
220
3,366
121
3,312
121
9,980
154
13,834
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
11/08/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 10/01/07 - 10/31/09
KEY INFORMATION Oct-07
Oct-09
Change
Percent Change
120.9
3,366
7,434
4,068
New
13,834
12,654
-1,180
-8.5
Residual Inventory
46,654
28,096
-18,558
-39.8
Under Contract
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
11/08/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 10/01/07 - 10/31/09 Time Period
# Properties Under Contract
# New Properties Listed
# Residual Inventory Properties
Under Contract / New %
Under Contract / Residual Inventory %
Oct-09
7,434
12,654
28,096
58.75
26.46
Sep-09
7,752
12,211
27,470
63.48
28.22
Aug-09
8,106
12,191
27,187
66.49
29.82
Jul-09
8,309
12,478
26,965
66.59
30.81
Jun-09
9,814
12,315
28,049
79.69
34.99
May-09
9,413
10,712
31,468
87.87
29.91
Apr-09
10,522
10,865
35,551
96.84
29.60
Mar-09
9,236
13,972
38,466
66.10
24.01
Feb-09
6,985
12,381
41,475
56.42
16.84
Jan-09
5,719
13,441
41,675
42.55
13.72
Dec-08
4,884
11,668
44,327
41.86
11.02
Nov-08
4,336
12,140
44,641
35.72
9.71
Oct-08
4,943
14,336
42,208
34.48
11.71
Sep-08
5,271
13,929
40,782
37.84
12.92
Aug-08
5,483
13,261
40,704
41.35
13.47
Jul-08
6,897
13,196
40,766
52.27
16.92
Jun-08
6,106
13,250
42,894
46.08
14.24
May-08
5,690
12,746
45,204
44.64
12.59
Apr-08
5,473
13,457
46,113
40.67
11.87
Mar-08
4,572
13,173
46,839
34.71
9.76
Feb-08
3,871
12,700
46,857
30.48
8.26
Jan-08
3,441
15,540
43,285
22.14
7.95
Dec-07
2,779
8,706
46,372
31.92
5.99
Nov-07
3,103
11,284
48,486
27.50
6.40
Oct-07
3,366
13,834
46,654
24.33
7.21
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
11/08/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 10/01/07 - 10/31/09
KEY INFORMATION Oct-07
Oct-09
Change
Percent Change
MSI
18
5
-13
-71.3
DOM
121
75
-46
-38.1
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
11/08/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 10/01/07 - 10/31/09 Time Period
Months Supply of Inventory
NAR MSI
# Properties For Sale Last Day of Month
# Properties Under Contract
Under Contract Average DOM
# Properties Sold
Oct-09
5.1
4.7
37,850
7,434
75
8,009
Sep-09
4.7
4.8
36,773
7,752
80
7,713
Aug-09
4.5
4.7
36,310
8,106
84
7,789
Jul-09
4.4
4.1
36,285
8,309
93
8,877
Jun-09
3.8
4.1
37,055
9,814
110
9,107
May-09
4.2
4.4
39,694
9,413
121
9,057
Apr-09
4.2
5.3
44,162
10,522
123
8,358
Mar-09
5.4
6.7
49,896
9,236
124
7,427
Feb-09
7.5
9.8
52,133
6,985
126
5,317
Jan-09
9.4
11.6
53,548
5,719
123
4,598
Dec-08
11.2
10.1
54,633
4,884
113
5,405
Nov-08
12.8
13.0
55,612
4,336
107
4,265
Oct-08
11.1
10.4
54,893
4,943
108
5,262
Sep-08
10.1
8.9
53,141
5,271
115
5,979
Aug-08
9.6
9.5
52,379
5,483
106
5,494
Jul-08
7.6
9.0
52,287
6,897
119
5,798
Jun-08
9.0
9.8
54,786
6,106
124
5,573
May-08
10.0
10.4
56,807
5,690
128
5,446
Apr-08
10.7
12.5
58,452
5,473
130
4,663
Mar-08
12.9
14.3
59,091
4,572
133
4,130
Feb-08
15.2
17.9
58,739
3,871
134
3,288
Jan-08
16.8
20.8
57,780
3,441
136
2,780
Dec-07
19.7
16.8
54,633
2,779
138
3,254
Nov-07
19.1
18.5
59,138
3,103
124
3,193
Oct-07
17.7
18.0
59,684
3,366
121
3,312
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
11/08/09
The Melcher Agency
Market Dynamics Average $/SQFT (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09
KEY INFORMATION Oct-07
Oct-09
Change
Percent Change
For Sale $/SQFT
191
154
-37
-19.2
Under Contract
174
92
-82
-47.0
Sold $/SQFT
167
89
-78
-46.7
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
11/08/09
The Melcher Agency
Market Dynamics Average $/SQFT (FS, UC, Sold) 2 Years (Monthly) 10/01/07 - 10/31/09 FOR SALE Avg $/ SQFT SQFT
UNDER CONTRACT Avg $/ # Avg $ SQFT SQFT
Time Period
#
Avg $
Oct-09
49,427
336,414
2,182
154 7,434
177,552
Sep-09
48,521
333,032
2,184
152 7,752
176,124
Aug-09
48,476
336,084
2,195
153 8,106
Jul-09
49,533
343,251
2,205
Jun-09
52,009
348,364
2,208
May-09
54,874
352,669
Apr-09
60,761
Mar-09 Feb-09
SOLD #
Avg $
1,927
92 8,009
171,206
1,922
92 7,713
175,984
176,944
1,948
91 7,789
156 8,309
175,109
1,952
158 9,814
186,522
1,972
2,206
160 9,413
180,022
341,044
2,182
156 10,522
66,105
331,816
2,159
65,929
332,675
2,158
Jan-09
68,074
335,524
Dec-08
67,280
Nov-08 Oct-08
EXPIRED Avg $/ SQFT SQFT
Avg $/ SQFT SQFT
#
Avg $
1,922
89 4,143
362,206
2,230
163 12,654
255,458
2,018
127
1,977
89 3,996
349,940
2,187
159 12,211
236,527
2,004
117
172,232
1,960
88 4,060
390,860
2,251
173 12,191
224,128
2,010
111
90 8,877
177,156
1,961
90 4,939
402,429
2,239
179 12,478
224,855
2,029
111
95 9,107
172,127
1,950
88 5,140
406,818
2,254
181 12,315
224,272
2,028
110
1,956
92 9,057
164,143
1,921
85 5,767
399,108
2,224
180 10,712
240,005
2,038
118
173,873
1,932
90 8,358
160,055
1,900
84 6,077
347,418
2,147
161 10,865
241,447
2,036
119
153 9,236
167,516
1,908
88 7,427
160,102
1,917
84 6,973
328,219
2,100
156 13,972
237,828
2,009
118
154 6,985
170,873
1,936
88 5,317
173,445
1,935
90 6,811
312,384
2,069
150 12,381
258,534
2,060
125
2,152
156 5,719
180,284
1,936
93 4,598
181,379
1,942
94 8,807
349,419
2,115
165 13,441
289,061
2,091
138
334,904
2,143
156 4,884
187,932
1,957
96 5,405
191,984
1,960
98 7,763
342,565
2,091
163 11,668
235,802
1,994
118
67,033
344,379
2,153
160 4,336
205,044
1,966
104 4,265
205,441
1,992
103 7,085
340,814
2,099
162 12,140
263,473
2,045
129
67,477
348,506
2,152
162 4,943
208,358
1,970
106 5,262
213,249
1,980
108 7,641
340,272
2,093
163 14,336
271,521
2,044
133
Sep-08
66,308
357,216
2,160
165 5,271
223,669
1,993
112 5,979
220,078
1,966
112 7,896
365,208
2,129
173 13,929
273,794
2,045
134
Aug-08
65,548
367,065
2,168
169 5,483
230,559
1,975
117 5,494
239,442
2,016
119 7,686
380,384
2,149
178 13,261
277,858
2,043
135
Jul-08
67,982
374,724
2,176
172 6,897
251,479
2,020
124 5,798
251,124
2,016
125 8,798
382,398
2,159
178 13,196
282,527
2,033
139
Jun-08
70,057
386,524
2,187
177 6,106
269,991
2,030
133 5,573
267,460
2,049
131 9,165
401,954
2,146
189 13,250
291,407
2,048
143
May-08
71,198
400,684
2,197
183 5,690
282,511
2,050
138 5,446
275,224
2,031
136 8,701
425,565
2,151
199 12,746
332,613
2,095
159
Apr-08
72,548
401,959
2,190
184 5,473
286,704
2,015
142 4,663
283,750
2,020
141 8,623
383,135
2,104
183 13,457
335,360
2,098
160
Mar-08
71,912
407,336
2,188
187 4,572
304,132
2,029
150 4,130
299,636
2,017
149 8,249
394,405
2,112
188 13,173
340,888
2,090
163
Feb-08
70,480
411,624
2,188
189 3,871
315,092
2,014
157 3,288
299,108
1,991
151 7,870
379,888
2,113
181 12,700
358,998
2,118
170
Jan-08
70,173
412,356
2,178
190 3,441
323,002
1,996
162 2,780
318,886
2,019
157 8,952
376,770
2,087
181 15,540
383,543
2,157
179
Dec-07
67,844
411,466
2,163
191 2,779
338,497
2,041
166 3,254
318,609
2,037
156 10,432
383,319
2,084
183 8,706
365,468
2,116
173
Nov-07
70,968
410,987
2,156
191 3,103
339,366
2,003
168 3,193
325,661
1,993
164 8,727
387,321
2,112
184 11,284
383,981
2,102
183
Oct-07
73,030
408,826
2,147
191 3,366
343,511
1,981
174 3,312
329,605
1,980
167 9,980
387,397
2,092
186 13,834
370,581
2,088
178
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
#
NEW LISTINGS Avg $/ Avg $ SQFT SQFT
11/08/09
Local Report
Maricopa County, AZ Buyer's Market
1
2
3
4
5
Seller's Market
Labor Market : Employment declined by 19,186 jobs in July and August. The job losses brought about an increase in the average monthly unemployment rate from 7.3% in the second quarter to 8.5% for the second two months of the third quarter. Job losses are ticking upwards, creating a drag on buyer confidence and demand in Maricopa County. However, historically low mortgage rates have created a favorable buying enviroment for those with a job.
Housing Market :
Q2' 09
Q3' 09
Q4' 09 (Forecast)
Average Price
$174,900
$182,200
# Homes on the Market *
42,050
46,941
# Homes Sold **
23,263
21,480
# New Homes Built ***
2,041
1,453
77
67
Avg # of Days on Market
***
* Available as of Sep. 30, 2009. ** May not add to total of zip codes. *** During the first two months of 3rd quarter.
Data by Zip Codes for Q3 2009 Zip Code
Average Price $163,200
Price Change *** N/A
Total # Homes Sold
% Change in # Homes Sold
(Quarter) 20
*** N/A
Average Days on Market
% of Asking Price (Sold/ List Price)
19
97.5%
85003
$244,900
-22.01%
22
-21.43%
138
91.8%
85004
$180,600
-52.31%
13
30.00%
42
96.4%
85005
$33,400
85006
$86,400
-35.86%
85007
$130,600
-51.34%
85008
$81,300
-47.04%
85009
$44,600
-34.02%
112
N/A
1
40
87.9%
177.42%
47
100.5%
40
37.93%
60
93.7%
170
102.38%
62
97.7%
64.71%
51
103.1%
86
*** % Change of current quarter compared to the same quarter to year ago. 1
N/A
Local Report
Maricopa County, AZ Data by Zip Codes for Q3 2009 Zip Code
Average Price
Price Change ***
Total # Homes Sold
% Change in # Homes Sold
% of Asking Price (Sold/ List Price)
85012
$164,000
-59.24%
(Quarter) 49
70
96.6%
85013
$158,700
-43.10%
76
52.00%
86
96.0%
85014
$142,800
-33.27%
140
122.22%
82
94.4%
85015
$83,900
-43.46%
138
70.37%
61
97.8%
85016
$204,000
-44.34%
168
31.25%
77
94.5%
85017
$50,000
-47.42%
143
113.43%
62
101.8%
85018
$340,600
-31.16%
126
-1.56%
99
91.8%
85019
$57,200
-39.21%
134
88.73%
53
101.5%
85020
$168,800
-30.13%
121
17.48%
87
95.4%
85021
$181,200
-30.63%
92
41.54%
73
95.9%
85022
$163,100
-32.24%
192
38.13%
73
96.1%
85023
$129,400
-33.98%
131
27.18%
62
98.0%
85024
$188,500
-26.28%
132
40.43%
64
96.7%
85027
$106,900
-37.27%
175
23.24%
55
99.9%
85028
$278,400
-18.50%
93
55.00%
88
95.1%
85029
$90,300
-40.16%
194
53.97%
55
99.9%
85031
$45,100
-42.84%
132
106.25%
52
104.0%
85032
$136,700
-33.02%
348
57.47%
59
98.6%
85033
$49,700
-43.20%
292
88.39%
46
102.8%
85034
$76,300
-54.12%
12
71.43%
48
97.4%
85035
$46,900
-39.33%
187
98.94%
45
106.7%
85037
$78,600
-40.14%
432
78.51%
50
102.9%
85040
$79,800
-31.38%
130
116.67%
67
98.1%
85041
$102,700
-39.37%
390
77.27%
50
101.3%
85042
$113,100
-31.58%
212
92.73%
68
98.9%
85043
$88,700
-30.76%
360
61.43%
54
101.8%
85044
$234,000
-6.81%
129
6.61%
69
95.9%
85045
$364,100
4.93%
33
-38.89%
114
96.5%
85048
$251,400
-21.12%
187
17.61%
61
97.6%
85050
$259,600
-21.12%
161
38.79%
77
95.9%
85051
$69,600
-44.94%
197
66.95%
54
100.5%
85053
$100,400
-35.81%
140
45.83%
61
100.9%
85054
$223,000
-17.50%
44
62.96%
72
97.1%
85083
$267,900
-14.41%
112
72.31%
64
97.3%
85085
$256,100
-16.17%
152
38.18%
57
96.6%
85086
$238,600
-17.41%
404
24.31%
60
99.5%
*** % Change of current quarter compared to the same quarter to year ago. 2
*** 122.73%
Average Days on Market
Local Report
Maricopa County, AZ Data by Zip Codes for Q3 2009 Zip Code
Average Price
Price Change *** -22.78%
Total # Homes Sold (Quarter) 66
% Change in # Homes Sold *** 135.71%
85087
$209,100
85139
$130,000
N/A
1
N/A
85140
$110,000
N/A
1
85142
$252,800
N/A
9
85201
$85,800
-40.58%
165
85202
$113,700
-34.77%
85203
$145,300
-15.08%
85204
$95,900
85205
$136,800
85206 85207
Average Days on Market
% of Asking Price (Sold/ List Price)
74
98.9%
11
92.9%
N/A
6
96.1%
N/A
109
99.4%
83.33%
59
99.1%
123
44.71%
56
97.6%
117
58.11%
66
98.1%
-32.98%
328
77.30%
55
99.8%
-28.34%
163
48.18%
75
97.5%
$148,000
-18.55%
140
-1.41%
100
96.6%
$260,000
-8.35%
237
47.20%
66
97.4%
85208
$110,300
-28.84%
207
17.61%
65
100.5%
85209
$156,600
-21.70%
173
12.34%
56
98.8%
85210
$93,900
-26.81%
111
29.07%
49
100.2%
85211
$285,300
91
106.3%
85212
$181,200
-19.11%
147
13.95%
55
100.5%
85213
$193,000
-23.05%
101
18.82%
75
96.1%
85215
$244,100
-1.41%
64
18.52%
114
93.8%
85218
$130,000
N/A
1
6
103.2%
85219
$137,500
-2.90%
1
-66.67%
25
105.9%
85220
$85,400
-22.85%
18
38.46%
92
100.3%
85222
$100,000
-37.26%
2
-77.78%
44
83.0%
85224
$175,000
-14.80%
187
36.50%
58
98.5%
85225
$135,300
-30.19%
324
25.10%
62
97.8%
85226
$199,900
-21.73%
137
19.13%
59
96.4%
85233
$191,000
-26.14%
173
-8.47%
57
99.1%
85234
$205,200
-19.97%
251
28.72%
56
98.8%
85236
$118,000
-43.81%
1
-97.22%
16
100.2%
85238
$101,500
-36.52%
13
62.50%
54
102.1%
85239
$99,300
-39.82%
14
-44.00%
81
102.5%
85240
$109,700
-35.09%
3
200.00%
61
102.6%
85242
$229,800
-18.07%
239
10.14%
73
99.0%
85243
$95,500
-27.43%
2
-80.00%
5
107.1%
85248
$241,800
-23.70%
146
-23.56%
92
95.1%
85249
$302,500
-11.03%
254
16.51%
74
98.2%
85250
$222,400
-26.01%
85
8.97%
77
94.5%
N/A
1
*** % Change of current quarter compared to the same quarter to year ago. 3
N/A
N/A
Local Report
Maricopa County, AZ Data by Zip Codes for Q3 2009 Zip Code
Average Price
Price Change ***
Total # Homes Sold
% Change in # Homes Sold
(Quarter) 196
*** 32.43%
85251
$197,200
-35.02%
85253
$1,711,400
9.69%
85
49.12%
85254
$322,400
-21.12%
215
85255
$572,600
-28.77%
302
85257
$152,900
-31.89%
85258
$360,700
85259
$557,900
85260 85262
Average Days on Market
% of Asking Price (Sold/ List Price)
88
95.3%
171
86.5%
48.28%
79
95.7%
54.87%
107
92.7%
105
23.53%
72
97.3%
-20.69%
141
23.68%
103
93.0%
-20.95%
118
59.46%
99
92.6%
$351,100
-6.92%
187
13.33%
104
95.1%
$724,000
-29.74%
149
65.56%
160
89.7%
85263
$350,500
-17.16%
14
133.33%
112
93.5%
85264
$806,000
139
82.7%
85266
$638,200
85268 85281
N/A
1
N/A
-29.16%
83
88.64%
142
91.3%
$372,100
-7.55%
163
8.67%
135
92.0%
$182,500
-21.44%
117
6.36%
85
94.3%
85282
$167,700
-19.76%
145
16.94%
54
96.6%
85283
$198,300
-11.35%
139
59.77%
67
96.1%
85284
$335,000
-17.30%
75
56.25%
70
94.7%
85286
$243,500
-15.63%
209
45.14%
63
98.2%
85295
$220,100
-12.45%
237
56.95%
57
98.6%
85296
$195,000
-19.52%
254
2.42%
59
98.7%
85297
$219,400
-21.75%
195
15.38%
63
98.0%
85298
$282,300
-16.33%
172
49.57%
69
97.5%
85301
$64,400
-39.87%
180
104.55%
55
100.9%
85302
$99,500
-33.89%
186
60.34%
43
100.5%
85303
$92,800
-40.63%
245
50.31%
44
101.3%
85304
$124,800
-32.17%
120
33.33%
76
100.1%
85305
$163,100
-23.86%
64
45.45%
53
100.4%
85306
$107,300
-46.51%
95
48.44%
69
100.2%
85307
$117,600
-28.38%
60
66.67%
37
100.1%
85308
$180,900
-22.79%
330
34.69%
62
98.4%
85310
$226,400
-16.52%
120
42.86%
69
97.6%
85316
$212,500
879
92.4%
N/A
2
N/A
85322
$59,800
-49.75%
3
50.00%
93
94.9%
85323
$102,200
-35.68%
373
16.93%
54
100.9%
85326
$92,600
-34.14%
553
80.13%
55
100.6%
85329
$43,700
-65.04%
4
300.00%
19
97.3%
*** % Change of current quarter compared to the same quarter to year ago. 4
Local Report
Maricopa County, AZ Data by Zip Codes for Q3 2009 Zip Code
Average Price
Price Change ***
Total # Homes Sold
% Change in # Homes Sold
% of Asking Price (Sold/ List Price)
85331
$336,600
-27.71%
(Quarter) 172
73
96.2%
85335
$77,700
-36.78%
317
36.64%
50
104.2%
85337
$43,000
-53.61%
1
-66.67%
32
93.7%
85338
$142,900
-25.57%
430
35.65%
50
100.1%
85339
$138,000
-29.74%
367
54.85%
53
100.0%
85340
$213,800
-12.81%
207
25.45%
62
97.4%
85342
$131,500
36.84%
6
20.00%
198
84.6%
85345
$92,400
-37.53%
319
67.89%
57
101.0%
85351
$104,000
-20.25%
153
-12.57%
116
92.5%
85353
$103,300
-34.54%
332
29.69%
55
101.6%
85354
$68,200
-51.73%
34
209.09%
89
92.3%
85355
$229,500
-11.12%
70
150.00%
73
97.1%
85360
$201,500
85361
$132,800
-32.96%
85363
$80,800
85373
$150,200
85374
N/A
2
*** 24.64%
Average Days on Market
862
88.9%
53
130.43%
68
96.0%
-37.94%
43
38.71%
41
101.6%
-19.59%
115
35.29%
94
97.1%
$136,800
-23.83%
312
43.78%
74
98.9%
85375
$181,800
-12.30%
179
44.35%
124
94.2%
85377
$682,500
-30.51%
40
263.64%
176
86.6%
85379
$139,900
-25.66%
445
13.81%
48
101.6%
85381
$185,500
-16.85%
93
10.71%
73
98.4%
85382
$184,200
-19.46%
224
30.99%
74
98.3%
85383
$259,500
-18.27%
340
39.92%
76
97.4%
85387
$198,900
-28.19%
80
48.15%
80
96.4%
85388
$142,700
-22.02%
241
27.51%
59
100.4%
85390
$221,400
-4.77%
23
91.67%
143
93.5%
85392
$134,500
-23.05%
287
61.24%
55
101.3%
85395
$220,300
-18.86%
153
23.39%
57
99.4%
85396
$172,000
-31.03%
178
140.54%
74
98.6%
*** % Change of current quarter compared to the same quarter to year ago. 5
N/A
MARKET CONDITION REPORT
MARICOPA COUNTY NOVEMBER 2009 HISTORICAL INFORMATION PHOENIX AREA NOVEMBER 2009 .
MONTH Oct‐08 Nov‐08 Dec‐08 Jan‐09 Feb‐09 Mar‐09 A 09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09 Sep‐09 Oct‐09
CLOSING PRICE $170,000 $156,000 $146,000 $130,300 $127,950 $121,000 $119 900 $119,900 $124,450 $134,550 $130,000 $130,000 $135,000 $133,500 TOTALS AVERAGE
CLOSINGS CHANGE EVALUATED 4,191 ‐$14,000 3,446 ‐$10,000 4,316 ‐$15,700 3,728 ‐$2,350 4,222 ‐$6,950 5,944 $1 100 6 623 ‐$1,100 6,623 $4,550 7,227 $10,100 7,056 ‐$4,550 7,952 $0 7,018 $5,000 6,863 ‐$1,500 6,727 $36 500 75 313 ‐$36,500 75,313 ‐$3,042 5,793
CLOSINGS REO 1,803 1,626 2,405 2,505 2,858 4,067 44,388 388 4,612 3,956 4,290 3,577 3,314 2,975 42 376 42,376 56%
CLOSINGS SHORT 119 301 375 346 390 595 667 804 1,054 1,240 1,371 1,287 1,329 99,878 878 13%
CLOSINGS PERCENT PERCENT STANDARD SELLING 2,269 43% 1,519 40% 1,536 43% 877 37% 974 46% 1,282 55% 11,568 568 62% 1,811 66% 2,046 70% 2,422 69% 2,070 72% 2,262 72% 2,423 70% 23 059 23,059 31% 57%
OVERALL MARKET AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Queen Creek Scottsdale Sun City Surprise Tempe TOTALS
ON MARKET (SUPPLY)
CLOSED MONTH (DEMAND)
FAIL MONTH
IN ESCROW
PERCENT SELLING
TIME TO SELL (DAYS)
MONTHS SUPPLY
MARKET SPEED
225 514 1,353 377 1,640 1,160 695 2,289 1,105 6,195 1,199 3,209 435 1,256 478 22,130
69 205 359 37 374 414 183 575 272 1,696 389 348 58 343 100 5,421
15 33 119 36 130 118 65 208 93 654 114 302 39 91 44 2,060
104 313 511 44 612 623 297 880 461 2,564 610 513 84 513 122 8,251
82% 86% 75% 51% 74% 78% 74% 73% 74% 72% 77% 54% 60% 79% 70% 72%
89 69 87 155 83 76 75 84 81 80 72 153 126 71 73 85
3.3 2.5 2 5 3.8 10.2 4.4 2.8 3.8 4.0 4.1 3.7 3.1 9.2 7.5 3.7 4.8 4.1
60 78 52 19 45 70 52 49 49 54 64 21 26 54 41 48
MEDIAN PRICE MEDIAN ASK PRICE IN ESCROW
$225 $114 $239 $585 $220 $140 $185 $170 $200 $163 $135 $699 $150 $153 $220 $199
$179 $109 $200 $422 $190 $115 $150 $131 $168 $105 $115 $399 $144 $132 $186 $133
MEDIAN CLOSE PRICE
$208 $107 $197 $385 $190 $120 $145 $135 $165 $101 $120 $394 $134 $138 $190 $135
MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The area with the highest speed is the "quickest" market area or segment and is the most desirable to buyers. (RED FONT IN MEDIAN PRICE IN ESCROW COLUMN SIGNALS POSSIBLE EXPECTED PRICE WEAKNESS.) POSSIBLE EXPECTED PRICE WEAKNESS )
Overall, the market is in the process of gradually slowing. Market Speed has declined from 61 in July to 51 in September to the current 48. Accordingly, Months Supply increased to 4.1 from October’s 3.9. Supply (On Market) is off about 700 units while Closings Per Month (Demand) is off 81 units. Percent Selling is holding at 72%. Prices (overall) very stable in the current range. The percentage of closings earned by each type remained generally steady with Short Sales increasing by a meager 1%. REO prices are on the increase in reaction to continued weak supply relative to demand. Short Sale prices signaling continued weakness even though closing price remained unchanged from October. Surprisingly, Standard price displayed a rally from October with all indicators showing a gain. It is unclear if this movement can be sustained given elevated Months Supply for Standard sales In general the slowing trend in activity rising prices this movement can be sustained given elevated Months Supply for Standard sales. In general, the slowing trend in activity, rising prices for REO, and a stable or slightly negative price schedule for Shorts and Standards is the most likely future outcome in the short to median term.
Information believed accurate but not guaranteed. Estimates based on generally accepted statistical sampling practices.
MARKET CONDITION REPORT REO ONLY
NOVEMBER 2009
AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Q Queen Creek Scottsdale Sun City Surprise Tempe TOTALS
NOVEMBER 2009
PERCENT SELLING
TIME TO SELL (DAYS)
MONTHS SUPPLY
MARKET SPEED
97% 98% 95% 92% 96% 94% 95% 93% 96% 93% 96% 93% 90% 97% 92% 94%
45 53 68 89 65 60 52 62 52 63 42 127 87 47 65 62
.4 .7 12 1.2 2.5 1.2 .9 1.2 1.2 1.1 1.0 .7 2.0 2.4 1.0 1.9 1.08
475 268 164 79 171 228 165 163 180 193 271 96 82 204 104 183
TIME TO SELL (DAYS)
MONTHS SUPPLY
MARKET SPEED
147 121 152 261 137 140 127 136 143 137 134 215 100 124 124 143
5.3 7.8 3.7 7.8 4.4 4.0 4.3 40 4.0 4.9 4.7 4.0 4.6 7.2 7.8 5.0 4.6
37 25 53 25 45 50 46 49 40 42 50 43 27 25 40 43
ON MARKET (SUPPLY)
CLOSED MONTH (DEMAND)
FAIL MONTH
IN ESCROW
8 85 143 28 140 186 106 306 146 921 114 207 34 141 56 2,621
19 116 119 11 121 216 89 254 134 905 157 101 14 146 29 2,430
1 3 7 1 5 13 5 18 6 69 7 7 2 5 3 149
18 144 146 11 139 248 97 322 146 964 186 123 26 169 29 2,768
ON MARKET (SUPPLY)
CLOSED MONTH (DEMAND)
FAIL MONTH
IN ESCROW
PERCENT SELLING
130 309 617 70 867 560 322 930 491 2,516 746 670 65 660 139 9,092
24 40 166 9 198 141 75 230 100 541 188 146 9 85 28 1,980
8 21 42 9 59 52 27 74 43 231 57 56 7 44 12 742
59 84 172 11 243 179 95 250 191 790 209 162 15 198 32 2,690
76% 65% 80% 50% 77% 73% 73% 76% 70% 70% 77% 72% 58% 66% 71% 73%
MEDIAN PRICE MEDIAN ASK PRICE IN ESCROW
$199 $109 $185 $442 $178 $113 $160 $145 $157 $95 $ $170 $410 $112 $145 $170 $154
$147 $105 $170 $376 $180 $100 $145 $120 $140 $85 $ $111 $321 $139 $125 $150 $123
MEDIAN CLOSE PRICE
$181 $99 $166 $301 $176 $100 $132 $115 $139 $75 $ $115 $337 $125 $130 $155 $118
SHORT SALE ONLY AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Queen Creek Scottsdale Sun City Surprise Tempe TOTALS
MEDIAN MEDIAN PRICE ASK PRICE IN ESCROW
$179 $105 $190 $350 $185 $120 $140 $140 $173 $125 $110 $400 $139 $125 $170 $161
$179 $109 $200 $458 $175 $120 $146 $135 $173 $115 $105 $371 $150 $128 $167 $152
MEDIAN CLOSE PRICE
$177 $100 $212 $437 $175 $130 $146 $135 $169 $125 $105 $380 $130 $128 $159 $161
STANDARD ONLY AREA Anthem Avondale Chandler Fountain Hills Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Queen Creek Scottsdale Sun City Surprise Tempe TOTALS
ON MARKET (SUPPLY)
CLOSED MONTH (DEMAND)
FAIL MONTH
IN ESCROW
PERCENT SELLING
TIME TO SELL (DAYS)
MONTHS SUPPLY
MARKET SPEED
87 120 595 280 635 415 270 1,053 468 2,763 339 2,333 336 457 283 10,434
25 49 156 21 152 127 56 205 88 519 138 174 40 114 56 1,921
7 9 71 25 66 53 33 116 45 354 50 238 31 42 29 1,170
27 86 194 22 230 197 105 310 124 812 215 228 43 146 61 2,800
79% 84% 69% 46% 70% 71% 63% 64% 66% 59% 73% 42% 56% 73% 66% 62%
67 64 66 167 62 65 76 83 90 81 62 142 144 65 65 82
3.5 2.4 3.8 13 1 13.1 4.2 3.3 4.8 5.1 5.3 5.3 2.5 13.4 8.5 4.0 5.0 5.4
56 81 52 15 47 60 41 38 37 37 80 15 23 49 39 36
MEDIAN PRICE MEDIAN ASK PRICE IN ESCROW
$299 $150 $285 $675 $299 $200 $265 $220 $287 $259 $195 $869 $155 $235 $275 $399
$200 $122 $235 $447 $215 $130 $169 $146 $186 $127 $120 $500 $148 $172 $239 $186
Information believed accurate but not guaranteed. Estimates based on generally accepted statistical sampling practices.
MEDIAN CLOSE PRICE
$264 $128 $224 $389 $219 $142 $166 $165 $193 $150 $127 $450 $140 $160 $230 $197